Various data for the cryptocurrency payment processor BitPay drew attention. Dogecoin was among the most used altcoin projects in the payment processor. In addition, the largest cryptocurrency, Bitcoin, is also on the list. Here are the details…
These altcoin projects are mostly used with BitPay
“Tdogewhisperer”, who came to the fore with his tweets about Dogecoin, shared a screenshot from BitPay. He then said that DOGE has become the fourth most frequently used cryptocurrency by customers of the leading crypto payment processor. DOGE comes in as the fourth most popular currency after Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).
Following the top four are other popular coins such as XRP, LTC and others. SHIB, which is the second largest token by market capitalization after Dogecoin, ranks last in this BitPay list. This development can be interpreted as an indication that more and more people are using crypto as a medium of exchange.
So, what happened to the companies that accept BitPay and their products? For example, cryptocoin.com As we have also reported, last year, Elon Musk launched the collection perfume “Burnt Hair”, produced by The Boring Company, which he directed. Used BitPay for payments for this product. Thus, BitPay allowed users to pay for this perfume in crypto, including meme coins like Dogecoin and Shiba Inu.
Dogecoin and Elon Musk influence
As time passed, we saw that Dogecoin’s instant price movements changed with meme coin comments on social media. It has also been revealed that the price of Dogecoin will rise or fall with the self-proclaimed “Dogefather” Elon Musk. For example, when the Tesla CEO completed his acquisition of controversial social media giant Twitter in October 2022, the price of DOGE saw a significant increase from $0.0720 on October 27 to $0.1572 on November 1. Months before buying the company, Musk came up with the idea of accepting Dogecoin as a payment for Twitter’s Blue services.
Now, a Twitter user “cb_doge” has called on Elon Musk to come up with an emoji for Dogecoin. The billionaire reminded that the former CEO of Twitter, Jack Dorsey, released an emoji for Bitcoin. Twitter also offers emojis for other cryptocurrencies like TRX, BNB, ETH, and more. As Elon Musk is a famous supporter of the biggest meme coin by market cap, the Dogecoin army is waiting for him to add an emoji for DOGE.
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